What Are the IRA Withdrawal Rules and What Do They Specify?


When it comes to the IRA, the terms withdrawal and distribution are used interchangeably. This is because your withdrawal is distributed to you; you withdraw and the bank distributes. Whatever you want to call it the rules for taking the money from your IRA are the same. You will find that there are exceptions to these IRA withdrawal rules but these will cause consequences such as taxes and penalties.

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